 |
|
|
| |
2003 |
2002 |
| |
US$m |
US$m |
| Operating profit |
803 |
619 |
| Depreciation: |
|
|
| – tangible fixed assets |
289 |
176 |
| – containers |
55 |
34 |
| Container breakages and shrinkage |
20 |
10 |
| Amortisation of intangible assets |
265 |
51 |
| Dividends received from other investments |
(3) |
(2) |
| Profit on sale of fixed assets |
(1) |
(3) |
| Impairment provision in South Africa |
4 |
– |
| Brewery closure costs in Tumwater (USA) |
35 |
– |
| Miller integration costs |
11 |
– |
| Central America reorganisation costs |
3 |
– |
| Brewery closure costs in Pitesti (Romania) |
– |
8 |
| Asset impairment provision in Ursus (Romania) |
– |
10 |
| Reversal of asset impairment provision in |
|
|
| Velke Popovice (Czech) |
– |
(11) |
| Deferred income |
(3) |
1 |
| Other non-cash movements |
5 |
11 |
| Net cash inflow from operating activities before |
|
|
| working capital movements (EBITDA) |
1,483 |
904 |
| Increase in stock |
(44) |
(7) |
| Decrease/(increase) in debtors |
20 |
(37) |
| Increase in creditors |
109 |
115 |
| Net cash inflow from operating activities |
1,568 |
975 |
| |
|
|
